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tv   CNN This Morning  CNN  March 16, 2023 5:00am-6:00am PDT

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seconds left to customers who are worried and say should i move my money to a bigger bank? >> well, again, no crisis. but as it relates to unb, we have a 65 loan to deposit ratio. the comparison to sun break, they had 70% of their assets tied to securities. 60% of my assets float with interest rates. so we don't have an issue related to a squeeze. and so anyway we've got -- we are highly liquid, great regulatory capital levels and i have already talked -- the great thing about being a commercial bank is you can talk to all your customers. many of them have recommitted. yesterday we doidn't have any outflows. this thing is over. >> that means people were not taking their money out of your bank yesterday in layman's terms. we appreciate your time. you are welcome to come back
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after you meet with moody's. thank you very much. >> thank you. >> you are welcome. "cnn this morning" continues right now. ♪ to. breaking news. it is a very busy news day. good morning, everyone. kaitlin is in d.c. this morning. we are following a lot of news. the news is happening from d.c. to new york and all over. new video just released this morning from the u.s. military showing the moment a russian fighter jet forced down a u.s. drone over the black sea. it is stunning. it is rare very and we are going to show you the midair encounter. and we are tracking developments in the manhattan district attorney's hush-money investigation into donald trump. stormy daniels met with prosecutors yesterday and moments from now trump's former
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ficker and attorney michael cohen who also has spoken with them is going to join lives for his first in-person tv interview since testifying. following the collapse of credit suisse, thrown a critical lifeline by swiss national bank. treasury secretary janet yellen will testify this morning before senate lawmakers. she will reassure americans that, quote, the banking system remains sound. we begin this morning with our breaking news. the pentagon has released a video of a russian fighter jet hitting a u.s. drone forcing it to crash right into the black sea. you can see the jet dumping fuel as it swoops past the drone with barely any room to spare. a second clip shows the jet coming back in for a second pass, but this time it collides with the drone and the video, the feed cuts out. that's when you can see color bars. >> yeah. and you can see the drone's
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propeller blades. we will pull this back up for you. they are bent out of shape. one cut in half. u.s. officials tell cnn that the russian pilots were ordered to harass that drone. republican senator marco rubio just weighed in on this. listen. >> and so i think we should fly more of them. we shouldn't stop flying them n many cases be prepared to scramble jets and respond if they are threatened by russian aircraft. >> anchor and chief national security correspondent jim sciutto. jim, wow. this wasn't like some mistake as the russian government said yesterday. it was ordered. what is the new information you are learning? >> i am learning that this was video that the u.s. military was able to extract in the last 24 hours, that they had video yesterday but that video did not show with the detail you see here just how close and how dangerous that encounter was. they were able to get this up to the moment as you were noting before that it gets hit
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physically and then goes to bar as it loses transmission. so, in other words, they were looking for the most incontrovertible evidence to share with the public. that's what we have now to contradict the russian version of events which is to say that they did not come into direct contact with the plane. the open question remains this. yes, russian pilots have been harassing u.s. surveillance flights with more frequency and more aggressiveness in recent days, weeks and months, and that this particular interaction, u.s. officials believe, was ordered by russian higher ups. the question is, was it ordered just to harass or to actually hit that drone? and that remains an open question. listen though, what u.s. officials tell me is whether you were told to hit it physically or not, flying that close, dumping your fuel as we see there on the jet and doing so repeatedly, flying so close
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repeatedly, that's deliberate and that creates the danger of such an interaction as this. and that is certainly the u.s. view at this point. >> very good question that you are posing there about whether it was intentional or not. i spoke to cedric leighton earlier today and he said -- earlier this morning. he said he believes that it was intentional to try to down the drone or at least to damage the drone with the fuel spillage, but to actually come into physical contact with that drone is very dangerous for the pilots. doesn't believe that that part was intentional. it just happened as they were trying to down it with the fuel possibly. >> by the way, whatever the final conclusion is, you dump fuel on a plane, you fly that close that's dangerous and you have to accept the risk of a collision. the bigger, you know, danger going forward, right, is that you have a lot of uncrewed surveillance aircraft in russia and china and many crewed ones as well.
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there is harassment by russia and china of crewed missions, not to this degree, but listen, if you are flying that close it increases the risk of something like that. so you could imagine a more dangerous scenario where you have such harassment and it puts a crew in danger. thankfully, we are not there, but we should be conscious you do have a lot of crewed flights flying in similar areas and that there is certainly a risk that while the u.s. side is certainly aware of. >> it certainly looks an act of aggression. where does national security or international security, for that matter, jim? >> it's something we have to watch very closely. we were talking about this over the last 24 hours. there is an enormous amount of u.s. and russian and nato hardware flying in and around the ukrainian airspace right now with the largest war in europe since world war ii. there has been tremendous effort made the last 13 months to avoid those assets coming in to direct
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conflict. there are lines open to deconflict as it's known so they don't come in direct conflict so you don't end up shooting at each other or putting each other in danger and this interaction shows that when you mess with those rules and when you deliberately harass, it increases the risk of exactly that. and why has there been such care taken to keep the forces separate? so this does not become a direct military conflict between the u.s. and nato and russia. this interaction right there shows how dangerous and close those assets are. >> don't you think, jim, this really emphasizes how important it is to have the diplomatic lines of communication open between countries? remember kaitlin's interview with lloyd austin that the lines with china, after they weren't picking up the phone, this is why that's important, right? jim? >> 100%. two levels. one at the higher diplomatic level, you want the two countries speaking to each other
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in these very tense times. but also at the military level there are deconflict lines with the express function of commanders talking to commanders. so this kind of thing doesn't happen. you've got to keep the lines open. because the danger is real. and remember, go back 20 years, remember that interaction over china, a chinese jet harassed a crewed u.s. spy flight, this was over hainan island in 2001, harassed it, hit it, brought the jet down with great danger to the crew. that is the nightmare scenario. >> yeah. jim sciutto, thank you very much. >> thank you. okay. also this morning, there are new developments in two of the investigations surrounding former president trump. his legal troubles now span from manhattan to atlanta from alleged hush-money payments to reported attempts to turn over the 2020 election results. michael cohen has testified against -- again before a new york grand jury for the second
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time this week. stormy daniels who is at the center of all of this also met with prosecutors from the manhattan district attorney's office. it's a part of that investigation into trump's alleged role in the hush-money payments that stormy daniels received. michael cohen is in our new york studio. we are going to talk to him in a few moments. also developments in georgia. we are learning there is another recording of former president trump pressuring an official to overturn his election laws. katelyn polantz is following this and joins us now. another call. another recording. what is trump saying on this record sng. >> reporter: this is the third recording we know of and this recording was heard by the special grand jury sitting in georgia looking at whether they would make recommendations to prosecutors to potentially bring charges against trump and this call was to the georgia house speaker david ralston at the time. trump basically wanted him to con screen the general assembly, to convene the state legislature to stop the result of the
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election, get involved in the federal election results. we from what he said about the day after this call, he said he pushed back against this, told trump this wasn't gonna, it was gonna be an uphill battle. we hadn't heard how hard trump pushed, what exactly he was asking and what ralston told him to response. those exact words would have been lost to history, biffle, because ralston died in november. but this recording existed. we are learning that it does exist. it was heard by those grand jurors and could become evidence if there is a case brought in georgia against the former president. >> we saw how big that recording with brad raffensperger has been. the other thing here is the chief judge here in washington that has been at the center of jack smith, the special council's investigations when it comes to the classified documents and trump's alleged role on january 6th as they are looking into that and what that looked like. i guess i shouldn't alleged.
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what exactly he did in the lead up to that. she is stepping down tomorrow. what is the significance of that? why does that matter to people who are paying attention to this? >> reporter: had this is the pass of the gavel of the administrator in the federal court to d.c. to the next person to take charge and that role is very important. it isn't necessarily the judge who would get the case if donald trump or others were indicted in the jack smith special council investigations, but it is the person who manages and makes decisions on what happens in the grand jury proceedings. so prosecutors call people to the grand jury. if there is a fight over that, if donald trump, we know he has been fighting eight to ten different cases in court, judge barrel howell has been making the decisions on those things. she gave the green item light to prosecutors, house investigators, also trying to be transparency about what is happening in the proceedings as much as she can. she passes the gavel to a long-time washingtonian very
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well respected and known in washington named jeb boasberg. he takes over as the chief of the d.c. district court. i sat down with them both last week, asked them how they were going to be handling things, what they were expecting going forward. clearly the grand jury is going to take up a lot of their time. it took a lot of house time. it's probably going to be taking a lot of boasberg's time. one of the things he was able to say is he would try to be as transparent as howell was able to be on any sealed proceedings that come before him. so we don't know exactly what he will do. he could be different. but it is going to be a very key role going forward. >> trump's attorneys are watching this closely as well. great reporting. thank you for joining us this morning. >> don. >> thank you very much. we mentioned the manhattan d.a. is continuing its investigation of donald trump's role into hush-money payments to adult film actress stormy daniels. daniels met with prosecutors in the d.a.'s office while key
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witnesses, michael cohen, witness michael cohen testified before the grand jury for the second time this week. so joining us now for his first tv, on tv or in-person interview since those testimonies donald trump's former attorney michael cohen, author of the book revenge how donald trump weaponized the u.s. department of justice against his christa, the host of the mea culpa podcast and breakdown podcast. thank you for waking up early. your other interviews have been on the phone? >> no, my other interviews with the district -- >> i mean for television. >> yes. >> so so thank you. 21 or 22 times? >> i met with the d.a.'s 20 times for interviews and two times for grand jury. >> why are you cooperating with the grand jury? >> that was the pledge i made when i stood before the judge and said i will cooperate. i didn't need a 5k 1 agreement,
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i wasn't a part of a cooperation agreement. democracy is more important than anything and i know it sounds hokie, but my goal is to ensure that truth comes out and that truth to power is told. >> in as far as on the list of witnesses, do you know where you are? are you the last one or towards the end? >> i would presume that i am. i know from reading the same reports that you have whether it's "the times" or "wall street journal" that there have been seven or eight witnesses that have come in and spoken before the grand jury. i am in the aware. that's the one thing about this district attorney's office. they are really quiet about everything. you don't get any information about anything other than what pertains to you. >> so let me ask you about the questions -- i know you want to protect the investigation, what alvin bragg and his office is doing here. >> then why ask me the question? >> i just want to see what --
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what did prosecutors ask you? what can you tell us? >> i can't talk about any of the -- obviously, you know that one of them deals with the hush-money payments. i will tell you that one of the things i think that will come out of this investigation other than the potential indictment of donald trump is a lot of information about how the southern district of new york dealt with me in my specific case. now, what's difficult for me to do is to talk with about may own case because people say you are partisan to your own case and trying to make a point. like my attorney, he has been with me in this journey since day number one. and he has so much information about the weaponization of the justice department against me that there is nobody else that knows the story better. >> okay. so you can't really -- you won't talk about the specific questions. can you take us inside and talk about the process of the grand
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jury? who is interviewing you? what is it like? are they each asking you questions? >> so there is a lead prosecutor in the district attorney's office who handled the questioning. it was like -- it was being on trial. you are sitting in the front. there are 23 grand jurors. and at the end of the prosecutor's questioning, then the grand jurors get an opportunity to ask you their own specific questions. >> did each of the 23 grand jurors -- >> i can't say each and every one, but for the most part, yeah. >> what types of questions? >> those questions all relate to the topics. it's so much better if lanny davis was sitting here. he can sit and talk to you about these sorts of issues. for me i really do want to the are the process for two reasons. one, that was a pledge i made to them. more importantly, if i get called as a witness at the trial, i don't want anything
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that i say now to impede upon that ability. >> i understand that. you are an attorney. you know how this works. let me ask you then, you met with them 20 times and then for the grand jury twice. so they have met with other witnesses, including kellyanne conway, hope hicks -- >> david pecker, dylan howard, jeff mcconnie, debra tarasov -- >> as you go back to -- after they have spoken to the other witnesses, does that inform them as to what they ask you the next time? >> i don't know how they run their process. >> ithey are not asking the sam questions over and over? >> i do. to respect their process, what i can tell you is that they are questioning of me started out at like 35,000 feet. by the time that i hit the 20th interview, we were down to like three feet ready to land. the grand jury was the actual
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takeoff back to we'll call it accountabilitiville. >> so the grand jury questions are different than the questions that they initially asked you? >> they are on the same point, but they are not exactly the same. >> okay. stormy daniels testified in front of the grand jury at least met with the grand jury yesterday through -- >> i don't know that. >> you don't know that? >> to no. >> what do you think of stormy daniels being brought into the process? that's a surprise to people. does that change this investigation? does that show you it's ratcheting up, that an indictment is imminent? >> it doesn't benefit donald for stormy daniels to be talking about it. so if that helps the district attorney's case to go forward, so be it. i do know and i am prepared to tell you they have a tremendous amount of information. a lot of people have attacked my credibility. truth be told, at the end of the day they can attack me all they want. this case is not going to be predicated on any bun
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individual, but rather it's going to be predicated on the documents, the evidence, the text messages, the emails. >> all right. so that -- because donald trump's attorney joe tacopina is attacking credibility -- >> before you do that -- >> i know you are talking about -- >> that's how you ask somebody for a document. >> alvin bragg once said -- i hope he remembers these words -- he can't see a world in which he would base a prosecution of donald trump on the word of a convicted puncherer and felon like michael cohen. he is still a convicted puncherer, someone convicted of lying and it's not about vengeance, it's all about vengeance for him. >> i know you are sensitive and take umbrage to that. >> i was just trying to poke fun at him. >> what do you think of what he said? >> he is a fool. worse than that, what's going to happen -- and again i have been
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by trump's side so long, i could tell you the playbook on to it. donald sent him out in order to lie in order to continue with the narrative that only donald wanted. he's failed in that. and so soon he will get cut off just like so many others when rudy messed up or alena hobbs messed up or corcoran or eastman or the other ones and send them on the way and tacopina will be one of many. >> who else can corroborate what michael cohen is saying, what -- >> clearly everyone. you see, it's easy to turn around and to say, oh, michael cohen's a convicted liar. that happens to be true. i did. i pled guilty to 1001 violation. i accepted that. what you need to do and pundits this and it's wrong, you need to finish the sentence. yes, i was convicted. i pled guilty to 1001 violation but i did it at the direction of and for the benefit of donald j.
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trump -- >> other stuff outside of donald trump? >> hold on. that's true. but we are talking about what tacopina wants to call perjury charge. what i lied about was the number of times that i spoke to donald trump about a failed real estate project in moscow, trump tower/moscow. i state today congress the number of times was three. in fact, the number of times was ten. if you think or anybody thinks that's going to stop me from being a credible witness considering everything that i have told mueller, seven different congressional committees, the attorney general, the district attorney, and so many others, has always been proven to be truthful and accurate, well, so be it. >> you can still have a point of view, an opinion about this without giving anything up. having spoken and met with them so many times, do you believe an indictment is imminent? >> i do. >> and do you -- when do you think it could happen? sooner rather than later? >> let's hope it's sooner rather
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than later because everyone needs to be held accountable, to the same standard of the law and that includes former presidents. >> thank you, michael. >> appreciate it. >> come back if something happens. donald trump does deny that those hush-money payments of course, he denied it all along and any affairs as well poppy. a look at stock futures adds the markets remain under pressure from the collapse of silicon valley bank and signature bank and in just a couple hours the senate finance committee will hold a hearing with treasury secretary janet yellen. we will be joined by a member of that committee she will be speaking to. he is next. don't just connect your business. (dock worker) right on time. (vo) mamake it even smarter. we call this enterprise intelligigence.
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treasury secretary janet yellen will testify before the senate finance committee in the wake of the sudden collapse of two u.s. banks. she is expected to tell the committee, quote, our banking system remains sound, americans can feel confident their deposits will be there when they need them. this comes after the huge swiss bank credit suisse took $50 billion from the swiss national bank. they are different. boy, it's a bad week for banks. >> we are hearing from washington they hope the exposure from credit suisse is not big in the u.s. how are international markets reacting? i think they are searching for stability this morning. european markets searching for direction. you can see asia closed lower. europe has opened mixed. these are the stock gauges there. if you look at stock index futures they are mixed, searching for stability and that's definitely what we want to see. nasdaq futures are up here. but that's not a big -- those are not big moves at all. what we will be watching are the
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regional stocks. you have seen what happened over the past few days. really taking a beating as everyone's looking at he's regional banks that may have a lot of deposits that are uninsured. are people going to want to move out of those? big drops in those. regional bank stocks this morning renewed pressure then again. this happened the past couple of days, trying to stabilize here. that's a big decline in the regional bank stock. you talk to a -- >> he told me it's over. >> for him? >> he told me this crisis is over. i am not so sure. >> maybe this is the worst of it. you can see many of those stocks are down again this morning. we are just watching those stocks. first republic down 29% this morning. >> again? >> yeah. absolutely. >> wow. >> so, look, we have got a big bank failure, two of them last week. big concerns about stability in the banking sector. for now hoping we are putting a floor under bank stress. >> let's hope. thank you very much. >> kaitlin. of course, as you were talking about there, secretary
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yellen is going to be before the smith senate finance committee, one of the members of that committee, louisiana senator bill cassidy. when secretary yellen is before the committee today, what are your top questions for her? >> automatic things. obviously, questions fov the bank. if you look at what fdic kind of should have been doing or the regulators should have been doing, they clearly weren't doing it. folks wonder do we need more regulation? i am not sure it's a problem with the regulation. might be the problem with the regulator. that will be thoroughly explored and i will ask about social security because i think everybody would have exhausted the bank topic by the time they get to me. >> when you talked about regulation there you did vote in 2018 on the rollback of some of those regulations. we have heard some democrats blaming that saying that is part of what contributed to what happened with svb. do you stand by that vote. >> imagine a democrat blaming a relationship when it's a
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democratic administration asleep at the switch. never heard that before, have you? i stand by that vote. >> even though it loosened the oversight -- >> no. it was not about oversight. what it said is that the regulators have the option instead of every year doing a stress test it wouldn't be mandatory, it would be optional. if you look at publicly traded -- if you look at wall street, wall street looked at this bank back in december, saw that their assets were in long-term low-interesting yielding bond and that their liabilities were rapidly going up. and james web jerome powell said we are going to raise interest rates. now, the regulators should have stepped in. they should have said, wait a second, low yield assets and a high yield liability, we've got a problem. wall street said that. i am told that people sold the
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stock short and made hundreds of millions of dollars. so wall street gets it but the regulators don't? secondly, the value of the bank skyrocketed and as it skyrocketed that i'm told should have been a warning, a red flag for the regulators, to in and s step in and say is there a bubble taking place within the bank? they didn't do that either. so i think there is a lot of things that you can look at that a wise regulator would have said this not good. >> you have questions for the regulators and people supposed to be in charge of this and people running the bank. some democrats as they are moving to reinstate the regulations you don't think that's effective? >> we have a saying -- i am a doctor. don't just do something, think. so washington sees something happens, you know, we have to do something. no, you have to think through the process. were the rules in placed a quit
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but just poorly enforced? if it turns out we need more regulations, then do more regulations. don't just kind of reflexively do something before you know what happened. >> but you are open to potentially doing that once you look into what went wrong here? >> yes, but i will say at this point it seems more a failure of regulators, not regulation. >> you have been talking about social security and you believe social security is the svb of those kind of health care systems. tell me what you mean by that because i know you have been talking to senator angus king about a plan to extend and shore up what social security would look like. >> right now social security has low yielding in assets. treasury bills, which might be -- and cash, which might be t bills, the treasuries might be kwleelding 1 and 2% and we are in a high inflation environment. the social security trust fund is going broke in nine years. the president knows that.
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but he keeps telling the american people it's no problem. he i it is going broke in nine years. at that point there will be a 25% cut in what someone who is depending on social security, a 25% cut in what they are getting and the president doesn't seem to care. >> well, i mean, the white house would push back on -- >> how? what is their plan? he has not announced a plan? >> the white house budget director on sunday we talked about how they talked about protecting to social security -- >> how? because yesterday she was asked in committee and couldn't give an answer about their plan. >> i don't work for the white house. i am telling you we talked to them about what the plan would look like to extend it, make it solvent after, you know, the next decade because those are real concerns. we have talked to them. they pushed back saying this is a divided congress they are working with. a fellow republican is proposing on social security raising the
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retirement age. nikki haley has proposed for people in their t20s and yucker now. do you think that would be effective? >> depends. to do it by itself, tclearly no effective. in our approach, by the way, is to create a fund separate from social security, separate, but have a diversified investment fund that would grow and could take up by far the majority of our future obligation. that is an approach that we're taking that the white house could engage with us on. i go back to miss young who i really like. nonetheless, they have not presented a plan. the president's willing to let this go bankrupt because he doesn't want to talk about it before his re-election. it is irresponsible. it is foolish. it is wrong for the american people. >> you are saying you want to see president biden come out with a plan that -- would you be working with the white house on that? >> of course. of course. >> i think that's a part of -- >> no, that's not true. there is no pushback. we have made ourselves clear
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that we would be opening to working with the white house. we have a bipartisan group approaching this. >> just i want to say because the white house will point out what senator rick scott said -- >> that's what they have to retreat to. a democrat said something kind of sutupid, too. we take one person as an excuse not to engage when the average beneficiary will see a 25% cut. >> he is not just an average senator -- >> you know better than that. one person saying something that the president gloms on to because he doesn't want to have to come up with a plan. he is the president of the united states. he should have a plan or else there will be a 25% cut for people who currently depend upon social security. that doesn't matter to you, you are running for re-election, you are too old to care or too rich to need the money. >> it matters. we have to note what senator rick scott said -- >> he retreated from that. >> i know, we've -- >> that is not -- >> we have had him on the
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program. >> it has no relevance. we have a bipartisan solution approach that we're willing to talk to the white house about and the white house doesn't want to talk to us. >> with your solution -- or your solution, your plan you have been putting forward, are you going to lay out exactly what that plan would look like and are tax revenues on the table -- >> we have an approach. it's not a solid plan. >> okay. >> the reason is bus we have to talk to the white house because they will want a modification of it. >> you want to talk to the white house -- >> of course, this is a negotiation. we are so intent on working with the white house that we are willing to keep things kind of on hold. we have an approach until they come forward and say this is how we think we can do it together. we want to take white house priorities and include it because i don't want -- i don't want someone who is depending upon social security to get a 25% cut and that's going to happen with the president asleep at the wheel. >> i think a lot of people don't want the cuts to happen. >> why hasn't the white house put up a plan? they are not doing that. >> you have to ask the white
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house -- >> we're trying to. >> he this would like to see your plan as well -- >> of course. >> the specifics of it. senator -- >> they are so far unwilling to do so. >> all right. senator, thank you so much for your time this morning. appreciate you joining us. >> thank you, kaitlin. >> fascinating. >> that's what you get with the kaitlan collins interview. she is going to keep asking until you answer the question. >> such an important topic. thank you for your -- >> my home state, louisiana, by the way. >> got to let him go. why the superintendent of the largest school district in texas is being forced out and what is being described as a takeover of the education system there. a ney showed that centrum silver supports cognitive health in older adudults. it's one more step towards taking charge of your r health. so every day, you can say... ♪ youuu did it! ♪ with centrum silver.
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republican leaders in texas have announced one of the largest school takeovers in u.s. history. the state government is taking over public schools? houston, a city led by democrats. texas state officials insist that they are stepping in because the school district is failing, but democrats say it is political. adrienne broaddus reports.
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>> reporter: it is the largest school district in texas and now it's facing one of the largest school takeovers in the country's lhistory. >> this is a crime. i want to go on record to say this is a crime. it's a crime against public education. it is a crime against the houston community. >> reporter: on wednesday, the state commissioner of education said the state will take over the houston independent school district, quote, in the next couple of months. some are doubtful about what is coming. >> if i were parents, i would be terrified. they do not have a history of fixing any schools. >> reporter: the state intervening under state law that allows it to remove the locally school board claiming the district is failing to meet certain state standards. >> there has been a long-time failure by hisd and the victims of that failure are the students. >> reporter: the state will now take responsibility for the
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district's 180,000 students and 25,000 employees. >> you cannot run school districts and cities and counties from austin, texas. the state deserves an "f" on how they have handled this process up to this point. >> reporter: it will also replace the district's superintendent who sounded optimistic about the future days ago. >> i stand here as the superintendent of hisd to say we are not just overcoming those challenges, but together we are building a school district that is delivering on its promises again. >> reporter: houston mayor sylvester turner said the takeover is troubling but not unexpected. it comes after a lengthy court battle between the district and the education commissioner, which ended in january with a judge ruling in the commissioner's favor. the state teachers union came out strongly against wednesday's action saying its members hope for the best.
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>> i dare say, i have no choice at this point but to wish them well and hope they succeed, but make no mistake. we will watch every move. >> reporter: as local leaders promise to continue to the fight against the takeover they belief is unnecessary. >> i have not conceded. that's right. i do not believe that this is the end and i still believe that the people in houston, texas, with their children can prevail and maintain control of their schools. i still believe it. [ applause ] >> reporter: and according to the district's website, more than 90% of the student population identify as non-white. the question now is with the state takeover, will the district see an academic improvement? back to you. >> we will be watching. thank you. this song that you are listening to, listen -- ♪ >> it was not created by a deejay or a real person. it was created by artificial intelligence.
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sound, getting awesome joined ground. ♪ ♪ >> people of my age will know whose voice that is supposed to be. emmetten em, right? no, it's not. it's grammy award-winning deejay david guetta who created this track through a.i. vanessa, how did he do this? >> he is on tour. he is a world famous deejay. he gets interested in artificial intelligence like all of us. he signs on to chatgpt and types write a verse in the style of eminem, goes to an a.i. platform pops the lyrics in and asks it to produce eminem's voice. it does. he does this in an hour. he plays it at his show that night. i want you to listen to how he said the crowd responded and
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also his thoughts on how artificial intelligence is going to impact the music industry. >> was it a reaction beyond maybe some of your old songs that you have put out? >> people were screaming, yes. the reaction was very big. >> reporter: technically, you created this song with the a.i. technically, you own the copyright? >> there is a little bit of ethical problem because when i'm using eminem's voice, i don't think there is a law right now about this. >> reporter: do you think there needs to be federal regulation around artificial intelligence? >> i think maybe not yet. i like that it's very free and open right now, but at some point, yes, the question is going to -- has to be raised. i think like a.i. is going to be a huge influence on music. artists having a certain view on the world and it doesn't matter
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what the tools are. many years ago you needed to study music theory, you needed to go to a big studio. now kids are making huge hit records in the bedrooms on their laptop. >> reporter: you are saying it's so easy for new artists to make a hit record, but in some instances they could be a competitor to you. >> that's not the way i look at it. i don't want to fight it. i want to embrace it. what makes me who i am is the creative process and the machine will never have a taste the way a human can have the taste. plan to release the song commercially, partly because of the ethics and questions around copyright and he doesn't want to get into a beef with eminem. he said he'd be open to creating
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an entire album with artificial intelligence he's just starting to get involved in this but he thinks this is the future. and it's a good thing for future. >> fascinating. >> artists are going to say where's my money? an incredible water rescue in los angeles caught on sccame. you'll want to see this. a landscaper. a hunter. because you didn't't settle for ordinary. same goes for r your equipmen. versatile, powerful, durable kubota equipment. more goes into it. so you get more out of it. - custom ink helps us celebrate and drive our students' achievements with custom gear. they love custom ink's different styles and designs. we love how custom ink makes the press simple with their easy tose design lab, expert artists readto help and unbeatable customer service. custom ink allows our kids to show
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for the first responders. >> can you imagine? >> no. >> kaitlan, busy day in washington d.c. >> it has. typically this is a week where it's quieter. you saw patrick mchenry here with me earlier, the house is not in session but that's the growing sign of momentum when it comes to the collapse of svb. janet yellen will be on hill in an hour testifying. it's supposed to be the budget but you know there's going to be questions about the banking system. >> we'll see you tomorrow? >> yes. >> see you tomorrow. cnbc "newsn "newsroom" star after this. it's not too late for another treatment option. to learn more visit treatted.com. that's treatt-e-d.com.
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